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Real Estate
Reply to "Overpaying on a house - how are you justifying it?"
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[quote=Anonymous][quote=Anonymous]What does overpay mean? Market dictates the price. But only at that moment. In 6 months things can be different as they were 6 months ago as well. You will pay more in price and interest if you bought my house than i paid 8 years ago. But thats a useless comparison. Houses and maybe cars are the only dynamically priced items most people encounter (besides uber rides). So its a weird concept to us. [/quote] OP here - yeah, I agree that market dictates the price. I just mean I look at similar houses sold just a year ago and feel like I missed out (not to mention the insane increases over the past few years!) It's hard to not think that I'm overpaying because I could have bought it for a lower price just a short time ago. But it is what it is. Part of me has a fear that the market will correct itself drastically some point and this will all been a huge mistake, but hopefully prices continue to go up over time. [/quote]
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